Partners news Monday, May 3 “Ukrainian business is entering a new level of corporate social responsibility, and this should become an example for others. Thanks to the support of companies such as Farmak, we are preparing the ground for a strong and innovative Ukrainian economy,” said KSE President Timofey Milovanov. #KSE #KSEukraine #Kyivschoolofeconomics
FinancePartners news Monday, May 3 Farmak, a leading Ukrainian pharmaceuticals company, will donate $500,000 to the Kiev School of Economics (KSE) to fund a new campus and improve existing programs , the company said in a press release. “By supporting such projects, we are contributing to the achievement of the Global Sustainable Development Goals, one of the tasks of which is to improve t... #Farmak #FarmakDonation #KSE #Kyivschoolofeconomics
Finance Monday, May 3 “The confirmation reflects our expectation of a recovery in EBITDA which has been driven by higher poultry prices after a significant drop in 2H 2019 and 2020. Together with the expected rebound, profit in the crop sector, which was hit hard in 2020 by adverse weathe...
Finance Monday, May 3 Fitch Ratings affirms MHP’s long-term issuer default rating in foreign and national currencies at “B +” with a stable outlook. “The Long-term Local Currency IDR of MHP SE at ‘B +’ reflects a growing share of profits outside the country, as well as a strong business profile of MHP with a reasonable scale and ... #FitchRatings #UkraineRating
EconomyFinance Monday, May 3 Ukrainian Railways continues to be effected by the Covid-19 pandemic shock to Ukraine’s economy, including a GDP contraction of 4.2% in 2020, ongoing lockdown measures and currency depreciation. “We project the economy to rebound in 2021 with growth of up to 4.1%, but there are material downside ... #UkraineRailways #UZ
FinancePartners news Monday, May 3 Fitch Ratings revises Ukrainian Railway’s Long-Term Issuer Default Rating, senior unsecured debt, and its SPVs on Rating Watch Negative, the agency announced on April 29. The change reflects the company’s weakened liquidity position, according to the agency’s assessments. As of April, Ukrainian Railway’s liquidity coverage ratio, calcu... #FitchRatings #UkraineRailways #UkraineRailwaysDebt
EconomyFinancePartners news Monday, May 3 Ukrainian Railways is under intense scrutiny by the Temporary Investigative Commission of the Verkhovna Rada, which said that the company has performed unsatisfactorily, VSK head and MP Yulia Grishina announced on Facbeook. The body intends to appeal to the Cabinet of Ministers to dismiss the company’s acting... #InvistigationofUkraineRailways #UkraineRailways
Partners news Monday, May 3 Oschadbank will pay a record-setting dividend to the budget, the state-owned bank said in a press release to investors. Sergei Naumov, the Chairman of the Board of Oschadbank, wrote “The reporting year 2020 was full of turbulent events that shocked the whole wo...
FinancePartners news Monday, May 3 Yuriy Butsa, the Government Commissioner for Public Debt Management, noted that despite the return to the trajectory of fiscal consolidation, Ukraine’s funding needs are still high compared to previous years. “Having successfully implemented a local borrowing strategy in the first quarter, we returned to international capital markets after stabilization to cover some of our foreign exchange needs this year... #ukrainedebt #YuriyButsa
FinanceInvestmentsPartners news Monday, May 3 Investors from the United Kingdom, the United States and the EU comprised the bulk of demand for the offering – 42%, 34% and 21%, respectively. Investors from Asia and MENA accounted for 3%. #InvestinUkraine #Ukraineinvestors
FinanceInvestments Monday, May 3 Reflecting high demand for Ukraine assets among global investors, the offering attracted over $3.3 billion from 223 investors . The investor base included asset management firms which accounted for 84% of the issue, followed by hedge funds at 9%, insurance and pension funds at 5% and banks at 2%. #InvestinUkraine #UkraineInvestments
FinanceInvestments Monday, May 3 Ukraine has successfully completed a $1.25 billion Eurobond placement at 6.875% maturing in 2029 , the Ministry of Finance announced on Friday. Joint Book runners included BNP Paribas, Deutsche Bank, Goldman Sachs International and JP Morgan. “The funds were transferred to the account of the Stat... #eurobonds #ukrainebonds